1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
serg [7]
2 years ago
14

The accounts in the ledger of Seaside Furniture Company as of August 20Y5 are listed in alphabetical order as follows. All accou

nts have normal balances. The balance of the cash account has been intentionally omitted.
Accounts Payable $118,600
Accounts Receivable 660,500
Cash ?
Common Stock 150,000
Dividends 36,000
Fees Earned 4,330,000
Insurance Expense 18,000
Land 1,850,000
Miscellaneous Expense 30,200
Notes Payable 75,000
Prepaid Insurance 21,600
Rent Expense 390,000
Retained Earnings 1,814,400
Supplies 11,200
Supplies Expense 23,700
Unearned Rent 12,000
Utilities Expense 82,000
Wages Expense 2,950,000

Required:
Prepare an unadjusted trial balance.
Business
1 answer:
musickatia [10]2 years ago
8 0

Answer:

Cash $426,800.00

Debit side $6,500,000.00

Credit side $6,500,000.00

Explanation:

Preparation of the Unadjusted trial balance

SEASIDE Unadjusted Trial Balance

DEBIT SIDE

Cash 426,800.00

Accounts Receivable 660,500.00

Prepaid Insurance 21,600.00

Supplies 11,200.00

Land 1,850,000.00

Dividends 36,000.00

Wages Expense 2,950,000.00

Utilities Expense 82,000.00

Rent Expense 390,000.00

Supplies Expense 23,700.00

Insurance Expense 18,000.00

Miscellaneous Expense 30,200.00

TOTAL $6,500,000.00

CREDIT SIDE

Notes Payable 75,000.00

Accounts Payable 118,600.00

Unearned rent 12,000.00

Common stock 150,000.00

Retained Earnings 1,814,400.00

Fees Earned 4,330,000.00

TOTAL $6,500,000.00

CASH will be the balancing figure since the total of both Debit and Credit columns of trial balance must equal.

Therefore the Unadjusted trial balance be:

Debit side $6,500,000.00

Credit side $6,500,000.00

You might be interested in
Which of the following describe management's use of a master budget: Multiple select question. Helps in determining bonuses to m
Semenov [28]

Answer:

Helps analyze differences between actual and budgeted results

Helps reveal undesirable outcomes

Helps in planning and control activities

Explanation:

A master budget comprised of future income statement or planned operating budget and the future balance sheet or financial budget that represent the goals and objectives of the organization and the ways to achieve them. It identified the actual & budgeted results difference, It disclosed the non-desirable results and also it helps in activities that deals in planning & controlling

Therefore the above statements should be correct

4 0
3 years ago
If the economy is on the production possibilities frontier, which of the following might allow the economy to increase its capac
sammy [17]

Answer:

The Correct Answer is A

Increase consumption and decrease government spending

Explanation:

In macroeconomics, the PPF is the tip at which a nation's economy is most efficiently manufacturing its multiple services and goods, therefore designating its sources in the best means possible.

In a market report, the production possibility frontier is a curve representing the different amounts of two commodities that can be created both depend on the same measurable resources.

4 0
3 years ago
Shona is buying a rug for her room. Store A has the rug for $45 with a 10% discount. Store B has the same rug for $46 and is off
Readme [11.4K]
Store B she would leave with $4
4 0
2 years ago
You invest $1,200 at a 9 nnual interest rate, stated as an apr. interest is compounded monthly. how much will you have in 2 year
Montano1993 [528]

The annual interest of 9 % after 2 years is $ 1435.70 and after 2.5 year $  1501.53.

The annual interest fee refers to the charge this is carried out over a length of 365 days. hobby costs can be applied over one-of-a-kind periods, together with monthly, quarterly, or bi-annually. but, in maximum cases, hobby quotes are annualized.

APY calculates that fee earned in 12 months if the interest is compounded and is a greater correct illustration of the actual charge of going back. APR consists of any costs or additional charges related to the transaction, but it does not remember the compounding of the hobby inside a selected 12 months.

Calculation:

First, converting R percent to r a decimal

r = R/100 = 9%/100 = 0.09 per year.

per month = 0.0075

PV = $1200

rate APR = 9/12 = 0.75 /100

                          = 0.0075

Period 24 months = 1435.70

Period 30 months = 1501.53

Learn more about the rate of interest here:-brainly.com/question/25793394

#SPJ4

8 0
1 year ago
explain why we cannot calculate a country's gross national income simply by adding of output of all businesses in the country gi
Anastaziya [24]

Answer:

Explanation:

i dunno

4 0
3 years ago
Other questions:
  • PureRinse Inc. is a brand reputed for its wide variants of body wash that introduced its range of shampoos and skin moisturizers
    5·1 answer
  • The most important/essential results from the latest decision round that company managers need to review/study in order to guide
    15·2 answers
  • The following transactions occurred during July: Received $960 cash for services provided to a customer during July. Received $3
    8·2 answers
  • Some of the benefits that Robix gives to its CEO and other top executives as a way to attract and retain talented individuals in
    15·1 answer
  • Philippe Organic Farms has total assets of $689,400, long-term debt of $198,375, total equity of $364.182, net fixed assets of $
    9·1 answer
  • Room Chill Company manufactures ceiling fans and uses an activityminusbased costing system. Each ceiling fan has 20 separate par
    15·1 answer
  • A company's board of directors votes to declare a cash dividend of $.75 per share of common stock. The company has 15,000 shares
    15·1 answer
  • Norma is considering buying a certificate of deposit with the $500 she has in a regular savings account. Explain to her what fac
    13·1 answer
  • The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6:
    14·1 answer
  • Consider the assembly line of a laptop computer. The line consists of 9 stations and operates at a cycle time of 2.50 minutes/un
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!